XT Exchange
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·388sH9…Xpb5Summary
XT Exchange (XT.com), founded in 2018 and registered in Seychelles, is a centralized cryptocurrency exchange that has been flagged by multiple regulatory authorities — including the UK FCA, Dubai VARA, Thailand SEC, and the Seychelles FSA — for operating without proper licensing. The exchange suffered a $1.7 million hot wallet exploit in November 2024 due to a compromised private key, and has accumulated substantial user complaints alleging unjustified account freezing, asset seizure, and blocked withdrawals. Independent analysis has also raised concerns about inflated trading volumes and inadequate proof-of-reserves transparency.
Connected Entities
5 entities · 60 linked investigations- ZachXBT→mentioned with→Binance(60%)
- XT Exchange→mentioned with→Binance(60%)
- XT Exchange→mentioned with→Bitget(60%)
- XT Exchange→mentioned with→Indodax(60%)
- XT Exchange→mentioned with→ZachXBT(70%)
- Bitget→mentioned with→ZachXBT(70%)
Timeline(10 events)
2018
XT.com founded by Weber Woo and Ada Too, registered in Seychelles as Fibtc Ltd
March 2022
Albin Warin joins XT.com as Global Ecosystem Director
2023
Albin Warin becomes CEO of XT.com
8 January 2024
XT.com publishes reserves disclosure claiming approximately $56.22 million in total assets
28 November 2024
$1.7 million stolen from XT.com hot wallets via compromised private key; withdrawals suspended for approximately 12 hours. PeckShield identifies the breach.
29 November 2024
Dubai VARA issues Consumer and Marketplace Alert warning that XT.com is not licensed to provide virtual asset services in Dubai
25 March 2025
UK FCA issues warning that XT.com may be promoting financial services without FCA permission and is not authorized or registered
30 May 2025
Thailand SEC files charges against XT.com with the Economic Crime Suppression Division for operating without a license under the Digital Asset Business Act
28 June 2025
Thailand blocks access to XT.com following SEC enforcement action
9 April 2026
Seychelles FSA issues notice stating XT.com is not linked to any entity licensed or regulated by the FSA under the Virtual Asset Service Providers Act
Decision Log
- hash: Dxnqj9GEeaYs85duq5ePXH8JjdSDP84r3GqY6yMEjWBb
This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:27 AM
last updated: 9/15/2026, 6:44:22 PM
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